When price is near a trendline support zone,
ONGC When price is near a trendline support zone, it indicates that the stock is approaching an area where buyers have previously shown interest. If the trendline has been respected multiple times, the zone becomes more significant.
A bullish reversal candle such as a Bullish Engulfing or Morning Star near this trendline support can provide additional confirmation that selling pressure is weakening and buyers are stepping in. A strong bounce with good volume can strengthen the setup, while a decisive breakdown below the trendline may invalidate the support and indicate further downside.
In short:
Trendline support + bullish reversal pattern + volume confirmation = stronger potential bullish setup.
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